National Fuel Gas Balance Sheet Health
Financial Health criteria checks 3/6
National Fuel Gas has a total shareholder equity of $3.2B and total debt of $2.7B, which brings its debt-to-equity ratio to 84.6%. Its total assets and total liabilities are $8.6B and $5.4B respectively. National Fuel Gas's EBIT is $721.9M making its interest coverage ratio 5.5. It has cash and short-term investments of $41.7M.
Key information
84.6%
Debt to equity ratio
US$2.69b
Debt
Interest coverage ratio | 5.5x |
Cash | US$41.69m |
Equity | US$3.17b |
Total liabilities | US$5.41b |
Total assets | US$8.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NFG's short term assets ($453.6M) do not cover its short term liabilities ($807.2M).
Long Term Liabilities: NFG's short term assets ($453.6M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: NFG's net debt to equity ratio (83.3%) is considered high.
Reducing Debt: NFG's debt to equity ratio has reduced from 104.1% to 84.6% over the past 5 years.
Debt Coverage: NFG's debt is well covered by operating cash flow (44%).
Interest Coverage: NFG's interest payments on its debt are well covered by EBIT (5.5x coverage).